myPaisaa 25 months chit scheme plans are the best there is!
Welcome to myPaisaa
myPaisaa 50K chit schemes offer advantages like none other! No wonder, our 25 months chit schemes are a joy to invest in as they can be handled with utmost ease as it’s 100% digital.
Reviving this age-old way of investment, we wish to make people believe in the power of chit funds by providing a backbone to people financially. Yes, with flexible plans that provide easy borrowing and hassle-free investing, we are here with our 25 months chit scheme to bring ease and peace to your personal finances.
The two best 25 months chit schemes are:
When it comes to 25 months chit schemes, our two invaluable offerings by popular choice are:
7 reasons that make myPaisaa 25 months chit schemes the best!
Transparency in details
Extra opportunities to win
Helpful & reliable assistance
Swift & timely payments
So get ready to accelerate your borrowing journey and saving journey, simultaneously by investing in the most flexible form of savings known to us - chit funds! So what are you waiting for? Join the 20,000+ myPaisaa community, we have the best 25 months chit schemes and 50K chit schemes to offer!
There are 4 main advantages of investing in chit funds:
- Chit fund is the only financial instrument that allows customers to save and borrow from their own funds.
- Chit funds are one of the oldest forms of investments used by households to grow their money. Today, with FDs and RDs offering low-interest rates of 5-6%, chit funds have become a much more attractive investment that offers more returns, and more value for money.
- Chit funds bring discipline to both the saving and borrowing activities of individuals. While the money you set aside for chit funds may be low, you'll definitely see steady growth and a clear path to achieving your financial goals.
- Borrowing through a chit fund company in Bangalore is very easy and effective. As you're essentially borrowing from your own savings, the rate of interest is lower than market rates and can be as low as 0% depending on when you borrow from your plan. Hence, an Online chit fund App like myPaisaa is a reliable source of funds for emergencies.
Mutual funds and chit funds serve different purposes. Mutual funds are long-term investments directly linked to market performance. There's no guarantee of you getting your principal amount back or making profits. Chit funds, on the other hand, have zero market risk. They are a great tool for guaranteed short-term investments that enable you to save steadily for your goals and emergencies. Also, unlike mutual funds, you can both save and borrow withChit funds.
Recurring deposits offer low-interest rates of 5-6% per annum. Also, if a customer withdraws from the RD before maturity they're charged a penalty. Moreover, RD returns are taxable too. However, customers who save in chit funds can expect much higher returns - up to 10% per annum. They can participate in online auctions and get their money in advance. There's the additional benefit of borrowing from your fund in case of emergencies. The best part about investing in myPaisaa is that the returns are tax-free. Customers can enjoy the full value of their investments without any deductions.
You need to submit KYC documents that include your PAN and Aadhaar card to join a chit plan. If you are a salaried person – 6 months Bank statement and 3 months payslips. If you are a business owner 6 months Bank statement, ITR & any one of -Business licenses/GST/Rental Agreements. If your residential address is different from the address on the Aadhaar card, then we'll require address proof as well.